Business
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$ 247m investment, 100MW project: 5,528 acres allotted to generate wind power in Thatta
KARACHI: Two wind power companies, Gul Ahmed Wind Power Limited and Tenega Generasi Limited, have signed a land lease agreement...
2,242km corridor to cost $11.5b: Ministry denies giving new route for China-Pak economic corridor
ISLAMABAD: Communication Secretary Shahid Ashraf Tarrar has assured the Senate Standing Committee on Communication that no new proposal for change...
No settling tanks in 189 out of 256 units: Peshawar court orders closure of 45 marble factories
PESHAWAR: Peshawar High Court’s Justice Yahya Afridi and Justice Syed Afsar Shah, while hearing an application filed by the Pakistan...
No gas for 13 days in Jan, 43 days since Oct: SITE industries facing worst gas crisis
KARACHI: The Pakistan’s largest industrial area, SITE, is facing the worst gas crisis due to low pressure, said Site Association...
2315 plots auctioned since 2008 for Rs52.23b: CDA delays land auction after real estate developers’ boycott
ISLAMABAD: The Capital Development Authority (CDA) has delayed commercial land auction, which was scheduled for Feb 17 after boycott by...
Reserves soar to $15.238b, SBP’s cash increases by $58m to $10.417b
KARACHI: The total liquid foreign exchange reserves of Pakistan reached $15.238 billion during the week ending February 6 as compared...
Violation of Section 10 of Competition Act, 2010: CCP takes action against deceptive medical advertisement on TV
ISLAMABAD: The Competition Commission of Pakistan (CCP), taking action against ‘fake’ advertisement of medical treatment, directed Pakistan Medical and Dental...
27pc hike in GST on POL, 5pc in duty on exportable items: Dar replies to 3-day protests, Opp walks out of NA
ISLAMABAD: On the floor of the National Assembly, Finance Minister Ishaq Dar responded to the three-day protests against new taxes...
$1b additional export in 10 month: Dastagir for declaring imported material as 0-rated, forming leather export council
KARACHI: The government has assured the leather industrialists that Leather Export Council is being formed to facilitate the exporters. This...
Taxing over 285 items ‘on IMF orders’: 5pc levy of regulatory duty termed ‘undue burden’ on industry
ISLAMABAD - Pakistan Steel Melters Association expressed concern over the levy of 5 percent Regulatory Duty on the import of...
MCB’s 2014 consolidated profits stand at Rs24.7b versus Rs21.8b in 2013; profits at Rs6.2b against Rs4.2b
LAHORE - MCB Bank reported consolidated profits of Rs24.7 billion (EPS Rs22.15) for 2014 versus Rs21.8 billion (EPS Rs19.6) in...
60% GST on petroleum: Govt to actually earn only Rs36b instead of Rs70b
LAHORE: The Institute for Policy Reforms has issued a fact sheet that revealed the true impact of the latest SRO...
Textile policy 2014-19: APTMA Chairman demands electricity at 8 cents/unit
LAHORE: All Pakistan Textile Mills Association chairman S M Tanveer after announcement of new textile policy 2014-19 has demanded availability...
Metallurgical Cooperation of China discovers 500mt iron ore reserves in Chiniot
ISLAMABAD: The Metallurgical Cooperation of China has discovered major reserves of iron ore of 500 million tons in Chiniot city...
60,000 SMEs, micro retailers to be benefited: Bank Alfalah, Punjab Beverages launch automated financial service
KARACHI: Bank Alfalah Limited and Punjab Beverages (PB) have signed an MoU to provide automated financial services to SME and...
Chairman Metro Bus Project directs contractors to expedite work on project
RAWALPINDI: The Chairman Metro Bus Service Project Implementation Committee has given directions to the contractors to expedite work on Metro...
1,000s in panic as Indian firing injures Sialkot villager
SIALKOT - Panic has gripped thousands of villagers as another person was hurt seriously by the mortar shells fired by...
Pakistan’s trade deficit at $13.13b, up by 17.96% from $11.13b in 7 months
Pakistan’s trade deficit has widened by 17.96 percent, as it recorded at $13.13 billion during July-January of FY2015 versus $11.13...
Nawaz for expeditious completion of TAPI gas project whose original cost of US$ 3.3b revised to $ 7.6b
ISLAMABAD - Prime Minister Muhammad Nawaz Sharif said that Pakistan wanted expeditious completion of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project...
Pakistan’s trade deficit at $13.13b, up by 17.96% from $11.13b in 7 months
Pakistan’s trade deficit has widened by 17.96 percent, as it recorded at $13.13 billion during July-January of FY2015 versus $11.13...
